NORVESTIA'S NET ASSET VALUE ROSE BY 0,1% IN NOVEMBER 2009
Change in NAV, 1 month		0,1 %
Change in NAV, since beginning of year		12,9 %	(dividend-adjusted)
Change in NAV, 12 months		10,3 %	(dividend-adjusted)
		30.11.2009	31.10.2009	31.12.2008
Net asset value/share, €		9,61	9,60	8,77
		MEUR	MEUR	MEUR
ASSETS
NON-CURRENT ASSETS
	Tangible assets	0,0	0,0	0,0
	Deferred tax assets	6,7	6,6	9,0
	Interests in associates	3,6	3,6	3,5
	Other investments	1,7	1,7	1,7
CURRENT ASSETS
	Shares held for trading	42,7	41,4	48,8
	Other financial assets at fair value	41,9	41,5	30,9
	Cash and receivables	56,8	58,1	43,5
ASSETS IN TOTAL		153,4	152,9	137,4
Current liabilities		-0,9	-0,7	-0,5
Deferred tax liabilities		-5,3	-5,2	-2,6
NET ASSET VALUE		147,2	147,0	134,3
Number of shares 15,316,560
PRINCIPLES OF CALCULATION
Publicly listed shares, investment funds and derivatives have been measured at
closing price. In case the closing price has been unavailable, the purchase quotation has been used. Unlisted shares have been measured at fair value using various valuation methods.